Pasadena Investor Reportedly Buys Dayton, Ohio Walgreens site for $3.5M

Published : Monday, May 27, 2019 | 8:13 AM

Pasadena-based real estate investment firm has purchased a Walgreens store property on Wayne Avenue in Dayton, Ohio for more than $3.5 million, according to a report by Dayton TV station WHIO.

The report quoted records at Montgomery County showing that Wayno LLC in Deerfield, Illinois sold the property for $3.56 million to the Pasadena investor, identified as a company called Exchange Right.

On its website Exchange Right says it focuses on “investment-grade, necessity-based retail and Class B/B+ value-added multifamily” properties. The company says it has more than 13 million square feet, worth about $1.8 billion, under management.

In Ohio, Exchange Right also owns an Advanced Auto Parts store at 1205 N. Fairfield Road in Beavercreek, an office building at 1854 S. Maple Ave. in Fairborn, and another Walgreens at 6495 Troy Pike in Huber Heights.

The 13,833-square-foot Wayne Avenue Walmart site was built in 1998, the report said.


Exchange Right has its corporate offices at 1055 E. Colorado Blvd, Suite 310 in Pasadena.


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